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Gainesville 76240
401 Willow Way
$325,000
● House - Off Market

401 Willow Way

Gainesville, TX 76240
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,428 Ft²
$362,398
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Updated 3 bed 3 full bath home with a bonus room (could be fourth bedroom). Open concept perfect for entertainment. The interior was completely remodeled in 2019 including (but not limited to) new plumbing and electric throughout the entire house, can lighting, quartz countertops, renovated bathrooms including a freestanding tub and walk-in showers. The house features stainless steel appliances, vinyl flooring throughout, large master bedroom and bathroom with large master closet, large fenced in backyard with a storage shed, and spacious 3 car garage. Fiber internet available. Located in a quiet, established neighborhood walking distance to Edison Park.
Unit Size
2,428 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$134
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14672414)

Price History

Date / Event Date Event Price
Nov 16, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by Jared Barr, Broker $325,000
Listed by Jared Barr, Broker

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 952
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,240
  • Total Building Area: 2,428
  • Gross Building Area: 3,789
  • Building Area: 2,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHEELER CREEK ADDN
  • Land Acres: 0000000281
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: WHEELER CREEK ADDN; BLOCK 4; LOT 11

Neighborhood

  • School District Name: Gainesville Independent School District
  • School Tax School District: NCTC,RDBD,SDGV
  • School Tax District Code 2: TNGV
  • Census Tract: 000600

Geography

  • Account Number: 2855-004-00011
  • Parcel: 2168
  • Block: 4
  • Lot: 11
  • Municipality: GAINESVILLE
  • Latitude: 33.6282
  • Longitude: -97.1206

    Address

  • Full Address: 401 Willow Way
  • Address - House Number: 401
  • Address - Street Name: Willow
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Gainesville
  • Carrier Code: C009
  • 4-Digit Zip Code: 4508
  • Zip Code: 76240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $708,583
  • Tax Rate Code Area: 71,CCOK,FM

    Appraisal Valuation

  • Standard Deviation: 0.4671
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 6
  • Final Value: 292,278
  • High Value: 428,822
  • Low Value: 155,733

    Market Valuation

  • Market Total Value: $361,172
  • Market Land Value: $52,387
  • Market Improvement Value: $308,785

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $361,172
  • Assessed Land Value: $52,387
  • Assessed Improvements Value: $308,785

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 16, 2021
  • Current Sale Recording Date: Nov 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 10384
  • Previous Sale Recording Date: Jun 28, 2018
  • Previous Sale Contract Date: Jun 26, 2018
  • Previous Sale Amount: $184,100
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gainesville

Stats & Trends

Median Asking:

$254,900

Sale Price/ft²

$155

Below Asking

0.04%

Average Days on Market

90

Average Home Size

1885 ft²

Average Home Age

45.4 years

Currently For Sale

77 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: William Phillips, Jared Barr, Broker
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14672414
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 401 Willow Way built and last sold?
The property at 401 Willow Way was built in 1960 and last sold on Nov 16, 2021 for $325,000.
How much is this home worth?
The estimated value of the home located at 401 Willow Way is $0.
What are some comparable homes to 401 Willow Way?
There are currently no comparable homes to 401 Willow Way.
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